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Evening Standard
Evening Standard
Business
Ben Ramanauskas

CPTPP will bring benefits, but the next UK government faces tough calls on trade policy

Amid a rain-soaked Rishi Sunak announcing a general election and a flurry of curious policy proposals like forcing teenagers to volunteer or join the forces, you might have missed that the UK is now a step closer to joining the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP).

The UK’s accession to CPTPP has not been without controversy. The government has claimed that it's a sign of the UK’s strength and is only possible thanks to Brexit. Those on the opposing side have pointed out that the economic value of joining is negligible and pales in comparison with the loss suffered from leaving the EU.

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